Scalper1 News
Chipmaker Cavium (CAVM) late Wednesday reported better-than-expected Q4 guidance and Q3 earnings despite a soft China market, sending its stock rising Thursday. Cavium CEO Syed Ali said in a conference call with analysts that Q4 is expected to be the company’s “first $100 million-plus revenue quarter.” The San Jose, Calif.-based company guided revenue for the current quarter at $99.8 million to $101.7 million, a 23%-25% increase from Q4 2013. Scalper1 News
Scalper1 News